As expected...  But here's the thing, open interest in XMR perps is a tad more than double compared to its May 2021 highs.

You guys can check it out here:  https://www.coinglass.com/BitcoinOpenInterest

Binance leads the way followed by newcomer FTX then OKex then a few other exchanges.  And I think the accusation that Binance is doing some sort of naked shorting on XMR is wrong.  They could do it 'legally' through perps and won't have any repercussions.  No need to sell coins they don't have.